LONDON (Reuters) - Chinese power generation group SDIC Power Holdings (SS:600886) launched plans to offer global depositary receipts in London on Tuesday, saying it expects to complete the deal in December this year.
The Shanghai-listed company said the London offering, which comes under the London-Shanghai Connect scheme, will represent up to 10% of the total ordinary share capital of the company.
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Goldman Sachs (NYSE:GS), UBS and HSBC are the joint global coordinators on the transaction.